The One Percent

Napster founder Sean Parker has decided to get involved in politics, so, according to Politico, he's hiring people to guide donations to candidates. Bad idea, Sean. When you're rich, you can let the politicians come to you.

No group of Americans is less happy about the taxes they pay than the wealthy, The Wall Street Journal reports, glossing over the fact that they are paying more in taxes in large part because they are seeing most of the increase in incomes.

Exxon CEO Rex Tillerson, who bought his house with money made from oil drilling and fracking, filed a lawsuit and petitioned his Texas town council to block a water tower that would be used for fracking.

In an excerpt from his new bookYoung Money, New York writer Kevin Roose goes inside a meeting of Kappa Beta Phi, “the secret Wall Street fraternity” that's home to the richest men in America, and shows just how bonkers the world of the one-percent really is.

The owners of expensive beach houses are petitioning FEMA to cut them a break on flood insurance costs. Meaning that the long-unbalanced system is only getting more uneven, and taxpayers will be on the hook.

The failure of Lehman Brothers on September 15, 2008, is a nice benchmark for the start of the Great Recession. How has America responded since? Here are three (well, three-plus) charts that answer that question.

Researchers at the University of California at Berkeley have discovered that people in high-end cars are more likely to pull some of the most irritating driving maneuvers on the road and generally behave like jerks.

After collecting the largest paycheck of any American CEO, Cook 2012's salary topped out at just $4.2 million in Apple's first year without Steve Jobs — still not exactly the Jobsian dollar-a-year policy, especially since it's more than it seems.

A new study estimates that the "global super-rich elite" are hiding at least $21 trillion in tax havens like the Cayman Islands. And that number is just cash, like real dollars, and doesn't account for real estate or property that would bolster a rich person's net worth.

Bloomberg Businessweek is getting a lot mileage out of its recent report on what the 1 Percent -- it mostly quotes just the millionaires and billionaires -- is saying about the protesters standing up for the interests of the 99 Percent.